DigiFT to Launch CUBX, Southeast Asia’s First Regulated Fintech Loan Tokenization Product

DigiFT, a licensed Singapore-based crypto exchange, will launch CUBX, Southeast Asia's first regulated fintech loan tokenization product. Issued by Singapore-based Docking Tech, the token is backed by accounts receivable from BantuSaku, an Indonesian P2P lending platform regulated by the OJK. The token is expected to yield a 12% annualized yield. Proceeds from the issuance will be used to provide digital microloans to individuals and small and medium-sized enterprises in Indonesia.